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Indias last three budgets, which can be seen as statement of economic policy, have focused on two major principles: to portray India as an attractive destination for capital, and increase in public spending to raise returns and attract private investors.
Uncertainty has descended upon the $150-billion Indian outsourcing industry in anticipation of the protectionist regime under President Trump. Protectionism has been a popular election rhetoric across nations, and more so in recent times. And the voting masses seem to like it. Will Trumps campaign cry for protectionism cross the boundaries of poetic drama and come alive as laws?
Eredene Capital Plc.
Eredene Capital PLC is the U.K.-based infrastructure fund listed on the Alternative Investment Market (AIM) of the London Stock Exchange (ERE.L) with $100 million of capital for investment in Indias infrastructure projects and real estate development.
Eredenes investment focus is primarily but not exclusively on logistics, distribution warehouses and port services. Current investment commitments total up to £51 million ($75 million), which represents 92% of the net funds Eredene raised in 2006.
The Eredene Group has made nine investments in India so far, which are at various stages of development, ranging from completion to revenue generation. Some of these investments are second round of investments with established and existing domestic partners.
Eredene was founded by Alastair King, the current Chief Executive, in February 2005 and went on to become the first property fund company for the Indian market to be quoted on AIM.
Eredene is supported by shareholders including GLG Partners LP, one of the leading global alternative asset managers; Caledonia & Cayzer Trust, the U.K. based investment trust; and Henderson Global Investors, one of Europe's largest investment managers with £49.5 billion ($73 billion) assets under management.